06:32 AM EDT, 07/24/2024 (MT Newswires) -- Patriot Battery Metals ( PMETF ) late on Tuesday said it has obtained a receipt for a final short form base shelf prospectus.

The base shelf prospectus will allow the company to offer and issue common shares, debt, warrants and other securities for up to an offering price of $250 million during the next 25-month period.

Patriot has filed the base shelf prospectus to give it greater financial flexibility and has no immediate plans to issue securities.

The company has not yet entered into any agreements to authorize or offer any securities.

Patriot's share price fell 3% to near 52-week lows at $4.50 yesterday.